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Author Topic: NDOL --- $3.5 Billion Refinery Deal
Ace of Spades
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After Hours PR at 4:01. This is gonna go CRAZY Tommorow !!!!

North-West Oil Group (Formerly Nord Oil International Inc.) Becomes Majority Owner of a $3.5 Billion Refinery and Petrochemicals Project
Tuesday October 17, 4:01 pm ET


NEW YORK, NY--(MARKET WIRE)--Oct 17, 2006 -- North-West Oil Group (formerly Nord Oil International Inc.) (Other OTC:NDOL.PK - News) announced that it has acquired 63% of Creditline, the Russian project operator, which is set to construct a $3.5 billion refinery and petrochemical facility. The refinery will produce diesel fuel and directly distilled gasoline, while the petrochemical facility will focus on olefin, benzol, polyethylene and polypropylene.
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The project, based in Der-ez-Zour Province in Syria, was first announced as a tender by the Syrian Ministry of Oil and Mineral Resources in late 2005. Creditline won the tender by submitting an innovative plan to build a world-class combination facility that can support both fossil fuel production and petrochemical production according to the Ministry in Syria.

"The refinery and petrochemicals facility will be key to the continuous provision of fuel to the Russian combat vessels in the Mediterranean Sea," said Ernest Malyshev, President of North-West Oil Group. "The tender, which was awarded in February 2006, by Creditline, now a subsidiary of North-West Oil Group, calls for the construction of a refinery with capacity to refine 6.5 million tons annually and 1.4 million tons in petrochemicals."

Mr. Malyshev concluded by saying, "The project is expected to be completed within 5 years, and complete payback of the entire budget is expected to take about 6 years after production commences. This is truly an extraordinary opportunity for our company."

The project is well known and is expected to be well supported by military experts in Russia. With a refinery in Syria, the Russian Navy combat vessels will have a continuous fuel supply for vessels stationed in the Mediterranean Sea, which will significantly increase the operability of the vessels.

Details as to the participation of the government of Syria are being discussed and, when this process is completed and all documents are signed, the Company shall receive all the required licenses and finalize the Agreement of Cooperation.

Due to the strategic nature of this project and its magnitude, the details behind the 5-year, $3.575 billion budget and the financial sources have not been disclosed. The company is currently in discussions with various Russian government officials regarding further participation and details of such participation will be made available to the public as they are formalized.

About North-West Oil Group (formerly Nord Oil International)

North-West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA. The company presently produces over 120,000 Metric Tons of crude oil yearly

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invester
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The project, based in Der-ez-Zour Province in Syria.


In Syria? Good luck with that. LoL.

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blake
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NDOL is definitely an excellent long-term play. Deals like this one will pay out big time one day. I dont expect the stock to go crazy today but I do anticipate the stock reaching the previous all time high within a few months. In fact, I still think that it is a 1000% potential. Buying at these discount rates wont last forever.....
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promi
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It is old news

http://www.kommersant.com/page.asp?id=709538

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blake
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quote:
Originally posted by promi:
It is old news

http://www.kommersant.com/page.asp?id=709538

great link - makes the story more credible as it appears in the Russian media. I rarely play long-term....but this is a stock, I believe, that warrants a long-term approach. It will run again - as it has in the past - question is only when.
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hawkdriver
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I hope this one goes again. Here are my questions. How is NWOG getting 3.5 billion? Who in their right mind is financing this, and what info do they have that makes them comfortable with NWOG's ability to repay their debt.

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skids are for kids

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blake
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after the refinery deal ins Syria, they are now pursuing gas stations in Russia (with the 15 Mio they just got?). What I like is they seem to be really growing...what I dont like is that I am somewhat sceptical of their 'diversification' strategy....are these for real or just PR to halt the slide?
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Jo4321
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NDOL Finalizing Purchase of Oil Terminal in Latvia

Market Wire "US Press Releases "

NEW YORK, NY -- (MARKET WIRE) -- 11/09/06 -- North-West Oil Group (PINKSHEETS: NDOL) (FRANKFURT: CXIA) (formerly Nord Oil International Inc.) announced today that it is finalizing the purchase of an oil terminal in the Port of Liepaja in Latvia. The terminal is currently being used for the transfer of oven fuel and vacuum gas oil. The main suppliers of those products are Mozyrsky and Novopolotsky refineries as well as refineries from Russia, Ukraine and Kazakhstan. Work is currently being conducted at the port in order to increase its depth that will be finished in 2007. Tanker traffic is expected to increase substantially after the work is completed. When the decision for purchase is finalized, the transaction will be completed before the end of November 2006.

The Port of Liepaja enjoys the most southwestern location of Latvian ports. Because of its favorable geographic location, the port is one of two ice-free ports in Latvia that makes it a convenient transport link between Eastern and Western Europe even during the severest winters.

The Port of Liepaja is part of the Liepaja Specialized Economic Zone (SEZ). Companies working in Freeports and North-West Oil Group shall receive up to an 80% tax discount.

"This proposed purchase will allow us to increase the return from the sale of our own resources as well as to receive additional income from providing transfer services," said the President of North-West Oil Group, Mr. Ernest Malyshev.

About North-West Oil Group

North-West Oil Group is a reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pink Sheets market as well as on the Frankfurt Exchange under symbol CXIA. Nord Oil International and the North-West Oil Group merged on May 11, 2006. Application has been filed for a new trading symbol. The company presently produces over 120,000 Metric Tons of crude oil yearly.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact:
Ken Maciora
Investor Relations
516-750-9719
Press*empirerelations.com

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"Great Day for Up!"....Dr. Seuss

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blake
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quote:
Originally posted by Jo4321:
NDOL Finalizing Purchase of Oil Terminal in Latvia

Market Wire "US Press Releases "

NEW YORK, NY -- (MARKET WIRE) -- 11/09/06 -- North-West Oil Group (PINKSHEETS: NDOL) (FRANKFURT: CXIA) (formerly Nord Oil International Inc.) announced today that it is finalizing the purchase of an oil terminal in the Port of Liepaja in Latvia. The terminal is currently being used for the transfer of oven fuel and vacuum gas oil. The main suppliers of those products are Mozyrsky and Novopolotsky refineries as well as refineries from Russia, Ukraine and Kazakhstan. Work is currently being conducted at the port in order to increase its depth that will be finished in 2007. Tanker traffic is expected to increase substantially after the work is completed. When the decision for purchase is finalized, the transaction will be completed before the end of November 2006.

The Port of Liepaja enjoys the most southwestern location of Latvian ports. Because of its favorable geographic location, the port is one of two ice-free ports in Latvia that makes it a convenient transport link between Eastern and Western Europe even during the severest winters.

The Port of Liepaja is part of the Liepaja Specialized Economic Zone (SEZ). Companies working in Freeports and North-West Oil Group shall receive up to an 80% tax discount.

"This proposed purchase will allow us to increase the return from the sale of our own resources as well as to receive additional income from providing transfer services," said the President of North-West Oil Group, Mr. Ernest Malyshev.

About North-West Oil Group

North-West Oil Group is a reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pink Sheets market as well as on the Frankfurt Exchange under symbol CXIA. Nord Oil International and the North-West Oil Group merged on May 11, 2006. Application has been filed for a new trading symbol. The company presently produces over 120,000 Metric Tons of crude oil yearly.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact:
Ken Maciora
Investor Relations
516-750-9719
Press*empirerelations.com


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blake
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NDOL will run again - just a matter of time. I think the next run will top the previous 1.5 - given that their assets and revnues will look far better now than during the last run.
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T e x
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more DD, please...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Vance
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Hey did this thing get delisted? I'm not showing any MMs on the bid or ask on my L2s...

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Success is having the time and money to enjoy all of life's wonders...

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Vance
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never mind, symbol changed to NWOG...

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Success is having the time and money to enjoy all of life's wonders...

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